Select this case: Penn v Spiers & Pond Ltd [1908] 1 KB 766.

On Friday of last week, your team received an email from the Chief-Tax Consultant of your firm requesting advice for a group of taxpayers from New South Wales (NSW hereafter). --- Hi Team, We have a new client from NSW who is interested in knowing more about their tax liability. For your team, I would like you to advise on our client's tax liability based on the law of precedence. I am unsure of the best way to present this report but would like you to use the decided case(s) to support your advice. Additionally, please include the sources and examples. Upon completion of the project, kindly forward a comprehensive report to me. The report ought to encompass an overview of the case, and if any, related cases, an evaluation of the case, the implication(s) of the case on our client's tax liability, and any other pertinent issues. I acknowledge that my methodology may have inherent flaws, and I welcome any advice or suggestions that would better it. If you identify any other issues or have a better way of helping our client make a decision on establishing their tax liability, kindly include a brief note in the report. Please ensure that all files are sent on or before September 8th. In case of any inquiries, please do not hesitate to contact me. Thank you.

What you'll need to complete the assignment? Word processor Relevant tax cases, rulings, and legislation 3 o Cases: Scaleplus website o Cases: Australian Legal Information Institute website o Cases and Taxation rulings: Australian Taxation Office website Sadiq et al. (2023) Principles of Taxation Law Articles in legal and accounting journals o Australian Tax Review o Australian Tax Forum, a journal of taxation policy, law and reform o Taxation in Australia o The Tax Specialist o The Australian Accountant o The Journal of Australian Taxation o The Chartered Accountant in Australia o The Australian Law Journal. Update on Tax Developments- CCH Tax Week or the Thomson Reuters Weekly Tax Bulletin. The report you will submit to your manager should be written in a formal tone. The report must address the questions raised by the manager in his email. You should divide your report into sections, and this could be based on the issues he has highlighted in his email. Start with an introduction and then present the case, discussing (if any) changes in the interpretation of the case. Another section should evaluate/critique the case(s). Another section can highlight the loopholes in tax law relating to this case. All sources referenced in-text (e.g. Dontevadetax, 1998) should be listed in the bibliography